Consider the Concept of Revealed Preference $A$ Better Than Basket $B$
B) Must Find Basket

question 40

Multiple Choice

Consider the concept of revealed preference. Suppose a consumer chooses basket A over basket B when basket B costs the same amount. The consumer:

• A) must find basket \(A\) better than basket \(B\).
• B) must find basket \(B\) better than basket \(A\).
• C) must find basket \(A\) at least as good as basket \(B\).
• D) must find basket \(B\) at least as good as basket \(A\).

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Definitions:

Illustrators

Nonverbal gestures that accompany speech, often used to emphasize or clarify verbal messages, such as pointing or using hand movements.

Affect Displays

Nonverbal behaviors that communicate emotions.

Cognitive

Pertaining to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and judging.

Nonverbal Behavior

Communication without words, including gestures, facial expressions, body language, and other forms of expressing oneself without verbal language.